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20110725
20110725
Search Results 0 to 7 of about 8 (some duplicates have been removed)
back the wars in iraq and afghanistan. what's notable about this, it doesn't include any new revenues through taxes. as you know, the white house has been fighting for this for weeks and now under senator reid's plan there are no new revenues through tax reform. the president has come out and said schae ports senator reid's plan. he says it is a reasonable approach but we're still deadlocked just eight days out. >> thank you, kristen. >>> and serving on the budget committee. good afternoon, senator. >> good afternoon, dylan. thanks for a chance to be he. >> thanks for joining us. insight what you think this deal ends up looking like? >> well i think a number of us are disappoint we're not going to do the bigger deal that the president and leader reid have been pressing for that a number of us republicans and democrats in the senate pressed for. i view leader reid's offer as a last-ditch effort to avoid default. my hope is that republicans can hear us saying, yes. it's a deal that doesn't touch medicare, medicaid, social security or include revenue increases. hits the $2.7 trillion tar
in iraq and afghanistan, about a tr trillion there. highly questionable. speaker boehner's plan has two steps in it. totals $1.2 trillion in cuts. has a six to nine month debt ceiling and cuts and another debt ceiling mechanism next year sometime. david, seems like the president is basically saying all i want, get this out of the way before the incomes election. in that interest i'll give you what you want, basically? >> the democrats, without, and republican. s have drawn a line in the sand. problem is, it's inside it's republican tent. it's basically up to the bedroom. saying, we'll given you cuts, and part of reid's plan is $1.2 trillion in defense and non-defense discretionary cuts. we don't know what the cuts will be. may be real cuts in real problems, that the president and other democrats care a lot about. they have basically yielded to republicans on a big conceptual linking, lifting the debt creeling to spending cuts and -- >> two things republicans still want. a dollar for dollar cut in spending to mamp a debt ceiling increase and a trigger mechanism for a balanced budget amen
are not really new but simply counting the saving from the wind down of the wars in iraq and afghanistan. senate republicans say reid was with them on a two-step increase process, but that the white house shot that down. and the white house says it's all up to boehner to find a way forward. now, pressure is mounting, so is anxiety over the markets. here's white house chief of staff bill daley on "meet the press" yesterday. >> we are now getting to a point where i think markets around the world will question whether the political system in washington can come together and compromise for the greater good of the. >> country. >> the new fear. a downgrade in america's credit rating even if a debt creeling is raised. if only for six or nine months if it looks like washington can't figure out a long-term debt and deficit issue. by the way, something else going on here. the white house is basically out of the talks. harry reid is proxy for the white house. there isn't much communication going on between house republicans and the white house. it looked like yesterday morning that might not be the case. r
Search Results 0 to 7 of about 8 (some duplicates have been removed)